ARU Share Price, Short & NdPr Price Trends, page-7

There are several serious concerns with HAS.

1. Twiggy has a hook, that means existing shareholders suffer if called.
2. They only produce and plan to rare earth carbonate, relying on the Chinese to sort their product. This is long way short of ARU’s rare earth oxide.
3. HAS have Chinese offtakers
4. Serious western supply chain concerns and Australian concern about monopoly in rare earths means HAS is excluded from benefits
5. HAS sells into the eastern spot price market that’s manipulated by the Chinese. This means when the Chinese want to squash any of these western companies they lower the price. Has basically sits on the eastern markets that I always discuss. No premium on product as they don’t and cannot sell into the US markets.

There is a genuine reason HAS market cap is low. All warranted in my personal opinion.

On a positive, I also believe with the Chinese support, HAS will get up and going.